CA's latest Q-card shows license deals worth $323 mn

INDIA: CA Technologies has reported financial results for its first quarter fiscal 2015, ended June 30, 2014.

Mike Gregoire, CA Technologies Chief Executive Officer, made the following comments:

"CA's results for the first quarter are in-line with our expectations, reflecting continued financial discipline and a strong performance in connection with renewals, which contributed to an uptick in Enterprise Solutions new sales. In addition, the investment focus and new capabilities we established last year allowed us to make important strategic progress in the quarter. We launched a highly differentiated, CA-built SaaS solution in the IT Service Management space with a powerful user experience and one of the industry's most attractive time-to-value offerings. And, we announced the divestiture of the arcserve business, further managing our portfolio and sharpening our focus.

"As we look ahead to the balance of FY2015, we know that there is still much work ahead of us to build CA for growth. We will continue to focus on our strengths, invest in key growth areas and drive the level of execution needed to advance our business strategy, serve our customers and deliver long-term value for our shareholders."

The announcement noted that the decrease in revenue was primarily due to a decrease in subscription and maintenance revenue and a decrease in professional services revenue. The decrease in bookings was primarily due to lower year-over-year professional services bookings, due to a decrease in the size and number of professional services engagements, including non-core engagements with government customers that are not directly related to software product sales.

The Company executed a total of eight license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $330 million. During the first quarter of fiscal 2014, the Company executed a total of nine license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $323 million.